I’ll be posting late for the next few days. It’s a busy time.
“Here’s a figure that might surprise: Justice Elena Kagan, the Supreme Court’s leading liberal, was in the majority of 70% of this term’s non-unanimous outcomes. To compare, Justices Clarence Thomas and Samuel Alito, stout conservatives, were each at 62%, tied with Justice Sonia Sotomayor. They were a tick above Justice Neil Gorsuch’s 61%...
...42% of rulings this year were unanimous...Only 9% of cases overall, six total, resulted in ideologically split 6-3 outcomes, with the liberal Justices dissenting as a bloc... The point of such statistics isn’t to obfuscate that this is a conservative Court, the best in living memory. That’s true. Yet two-thirds of cases this term weren’t closely divided, and the originalist Justices all have jurisprudential idiosyncrasies, resulting in 6-3 and 5-4 cases with scrambled lineups that confound partisan politics. That’s what doing the law looks like.” Commentary at...
https://www.wsj.com/opinion/supreme-court-term-elena-kagan-unanimous-rulings-d1a67bc7?gaa_at=eafs&gaa_n=ASWzDAiTVWRrnnskRHF1hcLebZ-_kYEXwouWT0eFTNIfjJ-Jd3ZaZUOydKYIeWwPgH4%3D&gaa_ts=68698153&gaa_sig=9-qi0Ev-kBD2favfM8oDVR8TiqlaMLNAZaE1NYAcmG7q2UphQ0dbLWQeqzxKVjRCA2ajNKISe3A4eXtX3-2YsQ%3D%3D
“The US sits on the biggest public debt pile in the world. Government liabilities amount to a bewildering $36.2 trillion, which is more than double what runner-up China owes. To highlight the scale, the interest payments exceed what America spends on both defense and Medicare.
With US national debt on an unsustainable path, efforts to cut government spending have been made, chiefly by Elon Musk's controversial DOGE, though the initiative hasn't saved all that much in real terms. And of course Musk and President Trump have fallen out spectacularly over the One Big Beautiful Bill Act, which will inflate the nation's debt, directly contradicting DOGE's goals.” From...
How Deep in Debt is America Compared to Other Countries?
-Monday the S&P 500 declined about 0.8% to 6230.
-VIX rose about 9% to 17.79.
-The yield on the 10-year Treasury rose to 4.387% (compared to about this time prior market day).
SPY – added 6/5/2025 & 6/27/2025
XLK – added 6/27/2025
Today, of the 50-Indicators I track, 3 gave Bear-signs and 20 were Bullish. The rest are neutral. (It is normal to have a lot of neutral indicators since many of the indicators are top or bottom indicators that will signal only at extremes.)
The daily, bull-bear spread of 50-indicators improved slightly and remained bullish at +17 (1 more Bull indicators than Bear indicators). I consider +5 to -5 the neutral zone. The 10-dMA curve of the spread continued higher – a bullish sign.
I am cautiously Bullish. “Cautiously,” because of tariffs and their impact on inflation.
TODAY’S RANKING OF 15 ETFs (Ranked Daily) ETF ranking follows:
*For additional background on the ETF ranking system see NTSM Page at…
http://navigatethestockmarket.blogspot.com/p/exchange-traded-funds-etf-ranking.html
The top ranked Stock receives 100%. The rest are then ranked based on their momentum relative to the leading Stock.
For more details, see NTSM Page at…
https://navigatethestockmarket.blogspot.com/p/a-system-for-trading-dow-30-stocks-my_8.html
My basket of Market Internals remained BUY. (My basket of Market Internals is a decent trend-following analysis that is most useful when it diverges from the Index.)
I trade about 15-20% of the total portfolio using the momentum-based analysis I provide here. When I see bullish signs, I add a lot more stocks to the portfolio, usually by using an S&P 500 ETF as I did back in October 2022 and 2023.